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Increased use of the digital mortgage process contributes to improved closing times, but falls short when it comes to borrower education, according to a TD Bank survey.

The Pittsburgh City Council has given preliminary approval to a plan for distributing $10 million in 2019 from an affordable housing fund.

As the bond market drives yields down because of the economic turmoil, mortgage rates moved in concert, dropping below 4% for the first time since January 2018, according to Freddie Mac.

Contract signings to purchase previously owned homes unexpectedly fell in April, adding to signs the housing market is struggling to regain momentum.

Chattanooga home prices rose only about half as fast as the country as a whole in the past year and were nearly 27.5% below the U.S. average the first quarter of 2019, according to the National Association of Realtors.

Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.

Mortgage prepayment speeds may rise with the strong U.S. rate rally, and that may be cause for alarm for mortgage investors.

BSI Financial agreed to pay a $200,000 fine along with restitution to settle allegations from the Consumer Financial Protection Bureau that it mishandled mortgage servicing rights transfers for loans in the loss-mitigation process.

Wells Fargo hired two seasoned veterans for their mortgage technology and data security expertise amid a digital era for financial industries.

Freddie Mac uncovered a growing number of fraudulent school records and work histories in California, where Fannie Mae also has noted increasing instances of falsified employment information.